EquityBuild Acquires Property From Cedar Street For $3.2M With Seller's Reps Adam Saxon And Brian DiBasilio
5001 S Drexel BLVD, Chicago, IL, 60615
$3,200,000
Building Size
—
Asset Type
MultiFamily
Closing
Nov 19, 2023
AI
The property involved in this transaction is a multifamily building located at 5001 S Drexel Blvd, Chicago, IL, within the Chicago market. The total transaction amount for this asset is $3,200,000.00 and it encompasses a total square footage of 0.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $3,200,000.00
- Address: 5001 S Drexel BLVD, Chicago, IL, 60615
- Market: Chicago
- Seller: Cedar Street
- Buyer: EquityBuild
- Seller's Representatives: Adam Saxon - Interra Realty, Brian DiBasilio - Triad Real Estate Partners
This transaction was represented by Adam Saxon from Interra Realty and Brian DiBasilio from Triad Real Estate Partners as the seller's representatives. The buyer, EquityBuild, completed the acquisition as part of its investment strategy, while the sellers were Cedar Street.
Players
Chicago MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
4.96%
Cash-on-Cash
-1.42%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93